economics and its central problem explain????
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The basic economic activities depend on the production, distribution, and disposition of services and goods that can fulfil human requirements. ... But, resources that satisfy human wants are scarce. This immensity of want and scarcity of resources gives birth to the central problems of an economy.
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The basic economic activities depend on the production, distribution, and disposition of services and goods that can fulfil human requirements. ... But, resources that satisfy human wants are scarce. This immensity of want and scarcity of resources gives birth to the central problems of an economy.
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